Dubai property sales nearly double since beginning of Expo 2020

Dubai property sales nearly double since beginning of Expo 2020

The Dubai real estate sector witnessed an exceptional growth in sales transactions in terms of volume and value last month. It recorded Dh28.5 billion sales through 9,368 transactions in November, reflecting a significant increase compared to Dh16.2 billion sales through 5,762 transactions ahead of Expo 2020 in September. "The emirate recorded its best October over the past eight years as investors poured Dh13.12 billion in the property sector through 5,352 deals," according to the Dubai Land Department. Industry specialists and top executives said the mega fair played a vital role in attracting foreign buyers to invest in the emirate’s growing real estate sector. The real estate market is expected to see a sharp rise in its value as long-term tenants are switching from renting to buying homes to secure themselves in one of the most sought-after destinations in the world. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; In addition, the visa reforms, consistent economic policies and stimulus packages have also benefited the sector. Expo impact “Expo has already started showing its impact with the highest sales, capital appreciation and improvement in rentability in villas and townhouses segment. A similar